6 I own a single share of Wivco stock. I must sell my share at the beginning...
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6 I own a single share of Wivco stock. I must sell my share at the beginning of one of the next 30 days. Each day, the price of the stock changes. With probability q(x), the price tomorrow will increase by x% over today’s stock price
(x can be negative). For example, with probability q(5), tomorrow’s stock price will be 5% higher than today’s. Show how dynamic programming can be used to determine a strategy that maximizes the expected revenue earned from selling the share of Wivco stock. Assume that at the beginning of the first day, the stock sells for $10 per share.
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Related Book For
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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